Bajaj Electricals Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: May 13, 2025, 12:51 am

Market Cap	7,021 Cr.
Current Price	610
High / Low	1,120/488
Stock P/E	59.4
Book Value	135
Dividend Yield	0.49 %
ROCE	12.6 %
ROE	7.89 %
Face Value	2.00
PEG Ratio	-5.43

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Bajaj Electricals Ltd

Competitors of Bajaj Electricals Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MPL Plastics Ltd	12.6 Cr.	10.1	18.9/8.50	1.41	2.59	0.00 %	%	%	10.0
Hawkins Cookers Ltd	4,242 Cr.	8,019	9,200/6,152	37.1	622	1.50 %	44.5 %	36.0 %	10.0
Harsha Engineers International Ltd	3,368 Cr.	370	614/330	39.2	139	0.27 %	13.6 %	6.84 %	10.0
Gorani Industries Ltd	44.4 Cr.	82.7	119/76.3	40.3	23.5	0.00 %	12.2 %	11.5 %	10.0
Eureka Forbes Ltd	9,507 Cr.	493	648/397	66.7	222	0.00 %	3.46 %	2.45 %	10.0
Industry Average	9,334.18 Cr	1,451.45		57.60	175.82	0.39%	14.49%	11.03%	6.69

All Competitor Stocks of Bajaj Electricals Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	1,312	1,327	1,124	1,220	1,308	1,292	1,112	1,113	1,228	1,188	1,155	1,118	1,290
Expenses	1,220	1,264	1,051	1,127	1,204	1,197	1,043	1,038	1,171	1,138	1,080	1,067	1,202
Operating Profit	92	63	73	94	104	95	69	75	58	50	75	52	87
OPM %	7%	5%	6%	8%	8%	7%	6%	7%	5%	4%	7%	5%	7%
Other Income	10	19	9	20	12	20	23	6	43	22	11	15	13
Interest	16	10	7	10	15	12	12	14	20	18	16	17	19
Depreciation	16	16	15	18	16	22	21	27	30	30	32	35	36
Profit before tax	70	56	60	86	86	80	59	41	50	24	38	15	45
Tax %	26%	24%	26%	26%	26%	35%	27%	33%	26%	-20%	27%	12%	27%
Net Profit	52	42	44	64	63	52	43	27	37	29	28	13	33
EPS in Rs	4.49	3.66	3.87	5.56	5.52	4.52	3.76	2.37	3.25	2.54	2.44	1.12	2.89

Last Updated: February 28, 2025, 8:32 pm

Below is a detailed analysis of the quarterly data for Bajaj Electricals Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is 1,290.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,118.00 Cr. (Sep 2024) to 1,290.00 Cr., marking an increase of 172.00 Cr..
For Expenses, as of Dec 2024, the value is 1,202.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,067.00 Cr. (Sep 2024) to 1,202.00 Cr., marking an increase of 135.00 Cr..
For Operating Profit, as of Dec 2024, the value is 87.00 Cr.. The value appears strong and on an upward trend. It has increased from 52.00 Cr. (Sep 2024) to 87.00 Cr., marking an increase of 35.00 Cr..
For OPM %, as of Dec 2024, the value is 7.00%. The value appears strong and on an upward trend. It has increased from 5.00% (Sep 2024) to 7.00%, marking an increase of 2.00%.
For Other Income, as of Dec 2024, the value is 13.00 Cr.. The value appears to be declining and may need further review. It has decreased from 15.00 Cr. (Sep 2024) to 13.00 Cr., marking a decrease of 2.00 Cr..
For Interest, as of Dec 2024, the value is 19.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 17.00 Cr. (Sep 2024) to 19.00 Cr., marking an increase of 2.00 Cr..
For Depreciation, as of Dec 2024, the value is 36.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 35.00 Cr. (Sep 2024) to 36.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is 45.00 Cr.. The value appears strong and on an upward trend. It has increased from 15.00 Cr. (Sep 2024) to 45.00 Cr., marking an increase of 30.00 Cr..
For Tax %, as of Dec 2024, the value is 27.00%. The value appears to be increasing, which may not be favorable. It has increased from 12.00% (Sep 2024) to 27.00%, marking an increase of 15.00%.
For Net Profit, as of Dec 2024, the value is 33.00 Cr.. The value appears strong and on an upward trend. It has increased from 13.00 Cr. (Sep 2024) to 33.00 Cr., marking an increase of 20.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 2.89. The value appears strong and on an upward trend. It has increased from 1.12 (Sep 2024) to 2.89, marking an increase of 1.77.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 7, 2025, 9:08 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	3,351	4,002	4,232	4,590	4,254	4,697	6,656	4,975	4,572	4,786	4,889	4,639	4,751
Expenses	3,239	3,920	4,143	4,326	4,011	4,403	6,308	4,768	4,271	4,535	4,515	4,379	4,487
Operating Profit	112	82	88	264	243	293	348	207	302	251	375	260	264
OPM %	3%	2%	2%	6%	6%	6%	5%	4%	7%	5%	8%	6%	6%
Other Income	41	15	24	48	36	-36	65	53	84	59	46	82	61
Interest	69	78	104	108	80	59	116	169	76	69	44	63	69
Depreciation	14	25	29	27	30	34	38	68	69	63	74	110	133
Profit before tax	69	-6	-21	177	168	164	259	22	241	179	303	169	123
Tax %	26%	-11%	-33%	38%	36%	49%	36%	101%	24%	23%	29%	22%
Net Profit	51	-5	-14	110	108	84	167	-0	184	137	216	132	104
EPS in Rs	4.62	-0.48	-1.25	9.85	9.57	7.39	14.69	-0.01	16.04	11.91	18.80	11.44	8.99
Dividend Payout %	39%	-282%	-108%	26%	26%	43%	21%	0%	0%	25%	21%	26%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-109.80%	-180.00%	885.71%	-1.82%	-22.22%	98.81%	-100.00%	-25.54%	57.66%	-38.89%
Change in YoY Net Profit Growth (%)	0.00%	-70.20%	1065.71%	-887.53%	-20.40%	121.03%	-198.81%	74.46%	83.21%	-96.55%

Bajaj Electricals Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	1%
5 Years:	-1%
3 Years:	0%
TTM:	4%

Compounded Profit Growth
10 Years:	26%
5 Years:	291%
3 Years:	-5%
TTM:	-9%

Stock Price CAGR
10 Years:	11%
5 Years:	12%
3 Years:	-10%
1 Year:	-34%

Return on Equity
10 Years:	10%
5 Years:	9%
3 Years:	9%
Last Year:	8%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:38 am

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	20	20	20	20	20	20	20	23	23	23	23	23	23
Reserves	709	690	667	736	851	924	1,057	1,357	1,582	1,722	1,884	1,418	1,440
Borrowings	166	348	408	899	647	723	1,582	1,079	541	82	101	215	229
Other Liabilities	1,263	1,627	1,727	1,305	1,569	1,805	2,500	2,100	2,105	2,175	2,985	2,177	2,177
Total Liabilities	2,157	2,685	2,822	2,960	3,087	3,473	5,160	4,559	4,250	4,002	4,993	3,833	3,869
Fixed Assets	226	249	278	276	310	316	322	404	461	685	770	916	937
CWIP	6	3	3	21	8	6	9	11	18	43	42	63	53
Investments	30	67	59	80	80	14	51	53	38	49	47	35	41
Other Assets	1,895	2,366	2,482	2,583	2,688	3,136	4,778	4,091	3,734	3,225	4,134	2,819	2,838
Total Assets	2,157	2,685	2,822	2,960	3,087	3,473	5,160	4,559	4,250	4,002	4,993	3,833	3,869

Below is a detailed analysis of the balance sheet data for Bajaj Electricals Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹23.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 23.00 Cr..
For Reserves, as of Sep 2024, the value is ₹1,440.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,418.00 Cr. (Mar 2024) to ₹1,440.00 Cr., marking an increase of 22.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹229.00 Cr.. The value appears to be increasing, which may not be favorable. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has increased from 215.00 Cr. (Mar 2024) to ₹229.00 Cr., marking an increase of 14.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹2,177.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 2,177.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,869.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,833.00 Cr. (Mar 2024) to ₹3,869.00 Cr., marking an increase of 36.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹937.00 Cr.. The value appears strong and on an upward trend. It has increased from 916.00 Cr. (Mar 2024) to ₹937.00 Cr., marking an increase of 21.00 Cr..
For CWIP, as of Sep 2024, the value is ₹53.00 Cr.. The value appears to be declining and may need further review. It has decreased from 63.00 Cr. (Mar 2024) to ₹53.00 Cr., marking a decrease of 10.00 Cr..
For Investments, as of Sep 2024, the value is ₹41.00 Cr.. The value appears strong and on an upward trend. It has increased from 35.00 Cr. (Mar 2024) to ₹41.00 Cr., marking an increase of 6.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹2,838.00 Cr.. The value appears strong and on an upward trend. It has increased from 2,819.00 Cr. (Mar 2024) to ₹2,838.00 Cr., marking an increase of 19.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,869.00 Cr.. The value appears strong and on an upward trend. It has increased from 3,833.00 Cr. (Mar 2024) to ₹3,869.00 Cr., marking an increase of 36.00 Cr..

Notably, the Reserves (1,440.00 Cr.) exceed the Borrowings (229.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	-7	121	305	437	-103	-602	627	660	936	449	354	347
Cash from Investing Activity +	-76	-83	-53	-90	36	-127	-46	-110	-331	-88	-449	-195
Cash from Financing Activity +	87	-56	-239	-368	64	718	-491	-605	-533	-139	-133	-146
Net Cash Flow	4	-19	13	-22	-3	-11	90	-56	72	223	-227	6

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-54.00	-266.00	-320.00	-635.00	-404.00	-430.00	347.00	206.00	-239.00	169.00	274.00	45.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	102	113	111	112	115	136	144	150	121	87	83	92
Inventory Days	60	57	58	60	76	68	64	76	118	109	106	85
Days Payable	139	152	142	66	84	100	85	99	115	136	195	206
Cash Conversion Cycle	23	17	27	106	107	104	123	127	124	59	-6	-30
Working Capital Days	28	20	19	60	41	71	85	69	67	29	42	15
ROCE %	13%	7%	8%	21%	16%	20%	17%	7%	12%	13%	18%	13%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024
Promoters	63.01%	62.98%	62.96%	62.91%	62.89%	62.86%	62.85%	62.85%	62.85%	62.80%	62.78%	62.76%
FIIs	11.75%	10.64%	10.51%	10.81%	11.26%	11.22%	10.92%	10.49%	10.41%	10.18%	7.93%	8.23%
DIIs	11.61%	12.04%	12.41%	12.30%	12.23%	12.39%	11.96%	12.06%	12.11%	12.61%	14.75%	15.59%
Public	13.64%	14.35%	14.12%	13.98%	13.62%	13.51%	14.26%	14.60%	14.62%	14.41%	14.53%	13.41%
No. of Shareholders	66,825	71,897	72,573	70,319	66,018	63,059	60,389	63,101	65,600	63,094	59,460	61,774

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund - Regular Plan	5,582,540	2.46	569.67	5,582,540	2025-04-22 17:25:41	0%
Nippon India Small Cap Fund	3,062,071	0.84	312.47	3,062,071	2025-04-22 17:25:41	0%
ICICI Prudential Multicap Fund	693,015	0.81	70.72	693,015	2025-04-22 17:25:41	0%
Mahindra Manulife Small Cap Fund	296,181	1.35	30.22	296,181	2025-04-22 17:25:41	0%
Baroda BNP Paribas Flexi Cap Fund	143,800	1.24	14.67	143,800	2025-04-22 17:25:41	0%
Mahindra Manulife Flexi Cap Fund	137,023	1.37	13.98	137,023	2025-04-22 17:25:41	0%
HDFC Capital Builder Value Fund - Regular Plan	88,571	0.16	9.04	88,571	2025-04-22 17:25:41	0%
Aditya Birla Sun Life Special Opportunities Fund	86,310	1.39	8.81	86,310	2025-04-22 17:25:41	0%
LIC MF Multi Cap Fund	75,468	1.13	7.7	75,468	2025-04-22 16:12:48	0%
LIC MF ULIS 10 Yrs Regular Premium Reducing cover	61,854	1.41	6.31	61,854	2025-04-22 17:25:41	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	2.00	2.00
Basic EPS (Rs.)	11.39	18.80	10.85	16.54	-0.99
Diluted EPS (Rs.)	11.37	18.77	10.81	16.49	-0.99
Cash EPS (Rs.)	20.89	25.89	16.86	23.06	5.82
Book Value[Excl.RevalReserv]/Share (Rs.)	125.11	165.74	148.44	140.10	118.51
Book Value[Incl.RevalReserv]/Share (Rs.)	125.11	165.74	148.44	140.10	118.51
Revenue From Operations / Share (Rs.)	402.90	471.80	418.98	400.27	438.37
PBDIT / Share (Rs.)	30.05	37.67	27.72	32.51	22.37
PBIT / Share (Rs.)	20.54	30.57	21.70	25.95	15.89
PBT / Share (Rs.)	15.03	26.37	14.48	21.50	0.87
Net Profit / Share (Rs.)	11.38	18.79	10.83	16.50	-0.65
NP After MI And SOA / Share (Rs.)	11.38	18.79	11.19	16.64	-0.81
PBDIT Margin (%)	7.45	7.98	6.61	8.12	5.10
PBIT Margin (%)	5.09	6.47	5.17	6.48	3.62
PBT Margin (%)	3.72	5.58	3.45	5.37	0.20
Net Profit Margin (%)	2.82	3.98	2.58	4.12	-0.14
NP After MI And SOA Margin (%)	2.82	3.98	2.67	4.15	-0.18
Return on Networth / Equity (%)	9.09	11.33	7.42	11.87	-0.68
Return on Capital Employeed (%)	14.11	17.07	13.59	17.07	11.25
Return On Assets (%)	3.41	4.62	3.21	4.48	-0.20
Long Term Debt / Equity (X)	0.00	0.00	0.01	0.01	0.05
Total Debt / Equity (X)	0.00	0.00	0.02	0.16	0.55
Asset Turnover Ratio (%)	1.09	1.24	1.15	1.04	1.02
Current Ratio (X)	1.21	1.30	1.21	1.18	1.11
Quick Ratio (X)	0.85	0.89	0.74	0.78	0.87
Inventory Turnover Ratio (X)	0.56	0.50	0.41	0.35	0.40
Dividend Payout Ratio (NP) (%)	35.12	15.94	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	19.13	11.57	0.00	0.00	0.00
Earning Retention Ratio (%)	64.88	84.06	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	80.87	88.43	0.00	0.00	0.00
Interest Coverage Ratio (X)	5.45	8.96	4.57	4.87	1.49
Interest Coverage Ratio (Post Tax) (X)	3.14	5.47	2.97	3.14	0.95
Enterprise Value (Cr.)	10157.46	11736.78	12224.99	11392.02	3680.34
EV / Net Operating Revenue (X)	2.19	2.16	2.54	2.48	0.73
EV / EBITDA (X)	29.34	27.07	38.38	30.59	14.46
MarketCap / Net Operating Revenue (X)	2.25	2.23	2.57	2.44	0.61
Retention Ratios (%)	64.87	84.05	0.00	0.00	0.00
Price / BV (X)	7.24	6.35	7.13	6.98	2.26
Price / Net Operating Revenue (X)	2.25	2.23	2.57	2.44	0.61
EarningsYield	0.01	0.01	0.01	0.01	0.00

After reviewing the key financial ratios for Bajaj Electricals Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 11.39. This value is within the healthy range. It has decreased from 18.80 (Mar 23) to 11.39, marking a decrease of 7.41.
For Diluted EPS (Rs.), as of Mar 24, the value is 11.37. This value is within the healthy range. It has decreased from 18.77 (Mar 23) to 11.37, marking a decrease of 7.40.
For Cash EPS (Rs.), as of Mar 24, the value is 20.89. This value is within the healthy range. It has decreased from 25.89 (Mar 23) to 20.89, marking a decrease of 5.00.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 125.11. It has decreased from 165.74 (Mar 23) to 125.11, marking a decrease of 40.63.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 125.11. It has decreased from 165.74 (Mar 23) to 125.11, marking a decrease of 40.63.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 402.90. It has decreased from 471.80 (Mar 23) to 402.90, marking a decrease of 68.90.
For PBDIT / Share (Rs.), as of Mar 24, the value is 30.05. This value is within the healthy range. It has decreased from 37.67 (Mar 23) to 30.05, marking a decrease of 7.62.
For PBIT / Share (Rs.), as of Mar 24, the value is 20.54. This value is within the healthy range. It has decreased from 30.57 (Mar 23) to 20.54, marking a decrease of 10.03.
For PBT / Share (Rs.), as of Mar 24, the value is 15.03. This value is within the healthy range. It has decreased from 26.37 (Mar 23) to 15.03, marking a decrease of 11.34.
For Net Profit / Share (Rs.), as of Mar 24, the value is 11.38. This value is within the healthy range. It has decreased from 18.79 (Mar 23) to 11.38, marking a decrease of 7.41.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 11.38. This value is within the healthy range. It has decreased from 18.79 (Mar 23) to 11.38, marking a decrease of 7.41.
For PBDIT Margin (%), as of Mar 24, the value is 7.45. This value is below the healthy minimum of 10. It has decreased from 7.98 (Mar 23) to 7.45, marking a decrease of 0.53.
For PBIT Margin (%), as of Mar 24, the value is 5.09. This value is below the healthy minimum of 10. It has decreased from 6.47 (Mar 23) to 5.09, marking a decrease of 1.38.
For PBT Margin (%), as of Mar 24, the value is 3.72. This value is below the healthy minimum of 10. It has decreased from 5.58 (Mar 23) to 3.72, marking a decrease of 1.86.
For Net Profit Margin (%), as of Mar 24, the value is 2.82. This value is below the healthy minimum of 5. It has decreased from 3.98 (Mar 23) to 2.82, marking a decrease of 1.16.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 2.82. This value is below the healthy minimum of 8. It has decreased from 3.98 (Mar 23) to 2.82, marking a decrease of 1.16.
For Return on Networth / Equity (%), as of Mar 24, the value is 9.09. This value is below the healthy minimum of 15. It has decreased from 11.33 (Mar 23) to 9.09, marking a decrease of 2.24.
For Return on Capital Employeed (%), as of Mar 24, the value is 14.11. This value is within the healthy range. It has decreased from 17.07 (Mar 23) to 14.11, marking a decrease of 2.96.
For Return On Assets (%), as of Mar 24, the value is 3.41. This value is below the healthy minimum of 5. It has decreased from 4.62 (Mar 23) to 3.41, marking a decrease of 1.21.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.00. This value is below the healthy minimum of 0.2. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 1.09. It has decreased from 1.24 (Mar 23) to 1.09, marking a decrease of 0.15.
For Current Ratio (X), as of Mar 24, the value is 1.21. This value is below the healthy minimum of 1.5. It has decreased from 1.30 (Mar 23) to 1.21, marking a decrease of 0.09.
For Quick Ratio (X), as of Mar 24, the value is 0.85. This value is below the healthy minimum of 1. It has decreased from 0.89 (Mar 23) to 0.85, marking a decrease of 0.04.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 0.56. This value is below the healthy minimum of 4. It has increased from 0.50 (Mar 23) to 0.56, marking an increase of 0.06.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 35.12. This value is within the healthy range. It has increased from 15.94 (Mar 23) to 35.12, marking an increase of 19.18.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 19.13. This value is below the healthy minimum of 20. It has increased from 11.57 (Mar 23) to 19.13, marking an increase of 7.56.
For Earning Retention Ratio (%), as of Mar 24, the value is 64.88. This value is within the healthy range. It has decreased from 84.06 (Mar 23) to 64.88, marking a decrease of 19.18.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 80.87. This value exceeds the healthy maximum of 70. It has decreased from 88.43 (Mar 23) to 80.87, marking a decrease of 7.56.
For Interest Coverage Ratio (X), as of Mar 24, the value is 5.45. This value is within the healthy range. It has decreased from 8.96 (Mar 23) to 5.45, marking a decrease of 3.51.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 3.14. This value is within the healthy range. It has decreased from 5.47 (Mar 23) to 3.14, marking a decrease of 2.33.
For Enterprise Value (Cr.), as of Mar 24, the value is 10,157.46. It has decreased from 11,736.78 (Mar 23) to 10,157.46, marking a decrease of 1,579.32.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 2.19. This value is within the healthy range. It has increased from 2.16 (Mar 23) to 2.19, marking an increase of 0.03.
For EV / EBITDA (X), as of Mar 24, the value is 29.34. This value exceeds the healthy maximum of 15. It has increased from 27.07 (Mar 23) to 29.34, marking an increase of 2.27.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 2.25. This value is within the healthy range. It has increased from 2.23 (Mar 23) to 2.25, marking an increase of 0.02.
For Retention Ratios (%), as of Mar 24, the value is 64.87. This value is within the healthy range. It has decreased from 84.05 (Mar 23) to 64.87, marking a decrease of 19.18.
For Price / BV (X), as of Mar 24, the value is 7.24. This value exceeds the healthy maximum of 3. It has increased from 6.35 (Mar 23) to 7.24, marking an increase of 0.89.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 2.25. This value is within the healthy range. It has increased from 2.23 (Mar 23) to 2.25, marking an increase of 0.02.
For EarningsYield, as of Mar 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Mar 23) which recorded 0.01.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Bajaj Electricals Ltd as of May 12, 2025 is: 508.64

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of May 12, 2025, Bajaj Electricals Ltd is Overvalued by 16.62% compared to the current share price 610.00

Intrinsic Value of Bajaj Electricals Ltd as of May 12, 2025 is: 453.02

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of May 12, 2025, Bajaj Electricals Ltd is Overvalued by 25.73% compared to the current share price 610.00

Last 5 Year EPS CAGR: -10.93%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (1,156.69 cr) compared to borrowings (540.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (4.08 cr) and profit (142.08 cr) over the years.	The stock has a low average ROCE of 13.75%, which may not be favorable. The stock has a high average Working Capital Days of 45.50, which may not be favorable. The stock has a high average Cash Conversion Cycle of 65.08, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Bajaj Electricals Ltd:
1. Net Profit Margin: 2.82%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 14.11% (Industry Average ROCE: 14.49%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 9.09% (Industry Average ROE: 11.03%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 3.14
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.85
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 59.4 (Industry average Stock P/E: 57.6)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Bajaj Electricals Ltd. is a Public Limited Listed company incorporated on 14/07/1938 and has its registered office in the State of Maharashtra, India. Company's Corporate Identification Number(CIN) is L31500MH1938PLC009887 and registration number is 009887. Currently Company is involved in the business activities of Manufacture of domestic appliances. Company's Total Operating Revenue is Rs. 4641.27 Cr. and Equity Capital is Rs. 23.04 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Domestic Appliances	45/47, Veer Nariman Road, Mumbai Maharashtra 400001	legal@bajajelectricals.com http://www.bajajelectricals.com

Management
Name	Position Held
Mr. Shekhar Bajaj	Chairman
Mr. Anuj Poddar	Managing Director & CEO
Mrs. Pooja Bajaj	Executive Director
Mr. Rajiv Bajaj	Non Executive Director
Mr. Madhur Bajaj	Non Executive Director
Mr. Shailesh Haribhakti	Independent Director
Mr. Sudarshan Sampathkumar	Independent Director
Mr. Saurabh Kumar	Independent Director
Ms. Swati Salgaocar	Independent Director
Mr. Vikram Hosangady	Independent Director

FAQ

What is the intrinsic value of Bajaj Electricals Ltd?

Bajaj Electricals Ltd's intrinsic value (as of 12 May 2025) is ₹508.64 — 16.62% lower the current market price of 610.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 7,021 Cr. market cap, FY2025-2026 high/low of ₹1,120/488, reserves of 1,440 Cr, and liabilities of 3,869 Cr.

What is the Market Cap of Bajaj Electricals Ltd?

The Market Cap of Bajaj Electricals Ltd is 7,021 Cr..

What is the current Stock Price of Bajaj Electricals Ltd as on 12 May 2025?

The current stock price of Bajaj Electricals Ltd as on 12 May 2025 is 610.

What is the High / Low of Bajaj Electricals Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Bajaj Electricals Ltd stocks is ₹1,120/488.

What is the Stock P/E of Bajaj Electricals Ltd?

The Stock P/E of Bajaj Electricals Ltd is 59.4.

What is the Book Value of Bajaj Electricals Ltd?

The Book Value of Bajaj Electricals Ltd is 135.

What is the Dividend Yield of Bajaj Electricals Ltd?

The Dividend Yield of Bajaj Electricals Ltd is 0.49 %.

What is the ROCE of Bajaj Electricals Ltd?

The ROCE of Bajaj Electricals Ltd is 12.6 %.

What is the ROE of Bajaj Electricals Ltd?

The ROE of Bajaj Electricals Ltd is 7.89 %.

What is the Face Value of Bajaj Electricals Ltd?

The Face Value of Bajaj Electricals Ltd is 2.00.